Detailed Single Year Tables

Description of Proposed Provision:
Increase the taxable maximum each year by an additional 2 percent beginning in 2013 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum levels.

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Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2012

13.83

12.89

-0.93

340

0.00

0.00

0.00

2013

13.95

12.87

-1.08

329

0.00

0.04

0.04

2014

13.98

13.01

-0.97

316

0.00

0.08

0.08

2015

13.97

13.07

-0.90

303

0.00

0.12

0.12

2016

13.94

13.14

-0.80

291

0.00

0.16

0.16

2017

13.91

13.21

-0.71

280

0.00

0.20

0.20

2018

13.96

13.27

-0.69

269

0.00

0.23

0.23

2019

14.14

13.32

-0.82

259

0.00

0.27

0.26

2020

14.38

13.37

-1.00

248

0.00

0.30

0.30

2021

14.66

13.44

-1.22

236

0.00

0.33

0.33

2022

14.98

13.49

-1.49

223

0.00

0.36

0.36

2023

15.29

13.54

-1.76

210

0.01

0.39

0.39

2024

15.60

13.59

-2.02

196

0.01

0.42

0.42

2025

15.89

13.63

-2.26

182

0.01

0.45

0.44

2026

16.16

13.68

-2.48

167

0.01

0.48

0.47

2027

16.43

13.72

-2.70

152

0.01

0.51

0.50

2028

16.65

13.77

-2.89

136

0.02

0.54

0.52

2029

16.85

13.81

-3.05

120

0.02

0.57

0.55

2030

17.03

13.84

-3.19

103

0.02

0.60

0.57

2031

17.17

13.88

-3.29

85

0.03

0.62

0.59

2032

17.28

13.91

-3.37

67

0.03

0.65

0.62

2033

17.37

13.95

-3.42

48

0.04

0.67

0.64

2034

17.42

13.97

-3.45

29

0.04

0.70

0.66

2035

17.46

14.00

-3.45

10

0.05

0.72

0.68

2036

17.48

14.03

-3.45

----

0.05

0.75

0.70

2037

17.49

14.06

-3.43

----

0.06

0.77

0.72

2038

17.48

14.08

-3.40

----

0.06

0.80

0.73

2039

17.46

14.10

-3.36

----

0.07

0.82

0.75

2040

17.43

14.12

-3.31

----

0.07

0.84

0.77

2041

17.40

14.14

-3.26

----

0.08

0.86

0.78

2042

17.37

14.16

-3.20

----

0.09

0.89

0.80

2043

17.34

14.19

-3.15

----

0.09

0.91

0.81

2044

17.31

14.21

-3.11

----

0.10

0.93

0.83

2045

17.29

14.23

-3.07

----

0.11

0.95

0.84

2046

17.28

14.25

-3.03

----

0.12

0.97

0.85

2047

17.26

14.27

-2.99

----

0.13

0.99

0.87

2048

17.25

14.29

-2.96

----

0.13

1.01

0.88

2049

17.24

14.31

-2.93

----

0.14

1.03

0.89

2050

17.23

14.33

-2.90

----

0.15

1.05

0.90

2051

17.23

14.34

-2.89

----

0.16

1.06

0.90

2052

17.24

14.34

-2.90

----

0.17

1.07

0.90

2053

17.25

14.34

-2.91

----

0.18

1.07

0.89

2054

17.27

14.35

-2.92

----

0.19

1.07

0.88

2055

17.29

14.35

-2.94

----

0.20

1.07

0.87

2056

17.32

14.36

-2.96

----

0.21

1.08

0.87

2057

17.34

14.36

-2.98

----

0.22

1.08

0.86

2058

17.37

14.36

-3.00

----

0.23

1.08

0.85

2059

17.39

14.37

-3.02

----

0.24

1.09

0.85

2060

17.40

14.37

-3.03

----

0.25

1.09

0.84

2061

17.42

14.38

-3.04

----

0.26

1.09

0.83

2062

17.44

14.38

-3.06

----

0.27

1.09

0.83

2063

17.45

14.38

-3.07

----

0.28

1.10

0.82

2064

17.47

14.39

-3.08

----

0.28

1.10

0.82

2065

17.49

14.39

-3.10

----

0.29

1.10

0.81

2066

17.52

14.40

-3.12

----

0.30

1.11

0.80

2067

17.55

14.40

-3.15

----

0.31

1.11

0.80

2068

17.59

14.41

-3.18

----

0.32

1.11

0.79

2069

17.62

14.41

-3.21

----

0.33

1.11

0.79

2070

17.66

14.41

-3.25

----

0.34

1.12

0.78

2071

17.70

14.42

-3.28

----

0.35

1.12

0.77

2072

17.73

14.42

-3.31

----

0.35

1.12

0.77

2073

17.77

14.43

-3.34

----

0.36

1.13

0.76

2074

17.80

14.43

-3.37

----

0.37

1.13

0.76

2075

17.84

14.44

-3.40

----

0.38

1.13

0.75

2076

17.87

14.44

-3.43

----

0.38

1.13

0.75

2077

17.90

14.44

-3.46

----

0.39

1.13

0.74

2078

17.94

14.45

-3.49

----

0.40

1.14

0.74

2079

17.97

14.45

-3.52

----

0.40

1.14

0.74

2080

18.01

14.46

-3.56

----

0.41

1.14

0.73

2081

18.06

14.46

-3.60

----

0.42

1.14

0.73

2082

18.10

14.46

-3.63

----

0.42

1.15

0.72

2083

18.14

14.47

-3.67

----

0.43

1.15

0.72

2084

18.19

14.47

-3.71

----

0.43

1.15

0.72

2085

18.23

14.48

-3.75

----

0.44

1.15

0.71

2086

18.28

14.48

-3.79

----

0.44

1.15

0.71

2087

18.32

14.49

-3.83

----

0.45

1.16

0.71

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Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2012 Trustees Report.

2012-2086

16.83%

14.79%

-2.04%

2035

0.14%

0.77%

0.62%

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1 Under present law, the year of Trust
Fund reserve depletion is 2033.